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While healthcare costs are inevitably going to rise in the future, a 65-year-old couple retiring in 2011 will likely spend $230,000 on healthcare throughout their retirement, Fidelity estimates. This is an 8% decline from the $250,000 retiring couples in 2010 will need, due to recent changes in Medicare, Fidelity said.
March 31 - Money Management Executive
Long-term mutual funds saw inflows of $2.18 billion for the week ended March 23, the Investment Company Institute said.
March 31 -
Firm continues to roll out multi-asset class funds to meet demand for diversification.
March 31 -
A former municipal derivatives trading desk manager at Banc of America Securities LLC has pleaded guilty to one criminal count of engaging in a conspiracy to falsify bank records in connection with a scheme to rig bids and pay kickbacks for investment agreements and other financial contracts in the muni market.
March 31 -
Regulators and small bank advocates seem to be losing the psychological battle over the Dodd-Frank Act, despite recent efforts to calm bankers.
March 31 -
The past few years have been rewarding for bank employees. OK, maybe not the rescues, stagnant loan books, layoffs and litigation. But none of these disasters hurt pay at banks.
March 31 -
March is Womens History Month, which seems like the perfect time to highlight leading women who put their money behind women's causes. With 61% of wealth now in the hands of women, and the majority of the worlds poor being women, it makes sense that wealthy women are giving powerfully. Some of the women on our list are big names, while others are rising stars.
March 31
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Advisors are losing an average of $20,000 in fees for not charging their fee-based businesses competitively enough according to Toronto's PriceMetrix.
March 30 -
Wealthy investors apparently unnerved by rising oil prices and the potential for higher interest rates and inflation now say they are much less confident about the stock market and the broader economy than they were just one month ago.
March 30 -
"Investors, while maintaining a core exposure to BRIC countries, should not close their eyes to other growth areas in the emerging world," Chris Laine, portfolio manager for active emerging market equities at State Street Global Advisors, said in the report. "Many of the smaller emerging and frontier economies have quietly been making investor-friendly reforms and deserve the attention of international investors."
March 30
